Human rights due diligence in Worldfavor
Align with human rights laws
Set up a human rights due diligence (HRDD) process in Worldfavor. Track social metrics in your supply chain and accelerate toward compliance with local laws, like Åpenhetsloven and LkSG. Get in touch to get started today!
Enable an effective process
Identify and respect human rights
Respect vulnerable groups in your supply chain, identify potential risks, prevent negative impacts, and improve social influence. Engage your suppliers in the human rights due diligence process and work toward compliance with Worldfavor’s best practice setup.
How Worldfavor helps you excel in the HRDD process
Access key data
Monitor social metrics in your entire supply chain. Access data about safety and well-being, human rights and labor standards, business ethics, leadership, forced labor, and child labor with Worldfavor's easy-to-use setup.
Mitigate risks
Identify potential human rights risks and negative impacts, and make informed decisions about improving the conditions in your supply chain, while ensuring you have a process in place to report on mandatory requirements.
Involve your suppliers
Engage your suppliers and subcontractors to share data with you on key social topics for HRDD alignment and reporting. The companies you request data from use Worldfavor for free.
FAQ
When will CSDDD come into force?
CSDDD is adopted and entered into force on July 24th, 2024.
EU Member States have two years to turn the Directive into national law. When national laws are in place, companies will have to start implementing the CSDDD.
This will be done in steps in the following timeline:
2027
Companies with 5000+ employees/EUR 1500m turnover
2028
Companies with 3000+ employees/EUR 900m
2029
Companies with 1000+ employees/EUR450m turnover
2027/2028
Companies registered in third-countries, depending on size
Read more about CSDDD
We are very early in our CSDDD process. Where should we start?
At Worldfavor, our expert team helps businesses of all sizes succeed in their CSDDD journey and strengthen sustainability efforts.
Effective due diligence starts with identifying stakeholders and supply chain dependencies. Use Worldfavor to compile supplier lists, evaluate operations, and access ready-to-use policy templates for you and your suppliers.
Upload your supplier list for contactless risk screening using our 15 country risk indices aligned with CSDDD standards. Get an instant overview to prioritize key suppliers and issues, and gain insights for your DMA (Double Materiality Assessment).
Book a meeting with us, and we’ll guide you through the process!
What practical measures do companies need to adopt to prevent, mitigate and bring to an end adverse impacts?
Companies need to adopt several practical measures. These include:
Developing and implementing prevention and corrective action plans for complex issues.
Obtaining contractual assurances from business partners and cascading requirements through the supply chain.
Making necessary financial or non-financial investments, including upgrading infrastructure.
Providing capacity-building support to SME partners.
Adapting business strategies and operations, including purchasing and distribution practices.
Collaborating with other entities to resolve issues and increase leverage over business partners.
What are the costs for companies?
The costs for companies to comply with the Corporate Sustainability Due Diligence Directive include expenses related to establishing and operating due diligence processes, transition costs for adapting operations and value chains, and potential investments in supporting business partners, particularly SMEs. Companies may also face costs for reporting and monitoring compliance, although these are minimized for those already reporting under the Corporate Sustainability Reporting Directive (CSRD).
Start your human rights due diligence journey.
Book a demo today to set up your HRDD process with Worldfavor.